Types of SME Grants

What is EDG?

The maximum funding for Enterprise Development Grant (EDG) projects has increased from 70% to 90%, as announced in the Supplementary Budget 2020 in lieu of COVID-19. The 90% funding covers qualifying project costs, mainly third party consultancy fees, software and equipment, and internal manpower cost.

EDG was formerly known as CDG and PSG, and helps local SMEs grow their business exponentially under three project scopes.

What are the project scopes?

According to Enterprise Singapore, EDG covers projects under 3 main scopes:

Core Capability

Business Strategy Development
Area: Business Strategy
Purpose: To accelerate the growth of your company

Financial Management
Area: Finance
Purpose: To optimise your company’s financial performance to support corporate strategy and improve team competency

Human Capital Development
Area: Human Resource (HR)
Purpose: To strengthen your company’s Human Resource (HR) capabilities for business growth

Service Excellence
Area: Customer Service
Purpose: To improve your company’s service delivery from insights on customers’ needs and decision-making processes

Strategic Brand and Marketing Development
Area: Branding and Marketing
Purpose: To help your company better capture target audiences and markets by differentiating your brand, products, and services

Is your business eligible for the grant?

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Be in a financially viable position to start and complete the project.

Have a minimum of 30% local shareholding.

Be registered and Operating in Singapore.

Innovation & Productivity

Automation
Area: Technology
Purpose: To support your company’s usage of automation and technology to yield tangible benefits and significant growth

Process Redesign
Area: Process Efficiency
Purpose: To help review existing processes and improve efficiency before the introduction of automation and technology

Product Development
Area: Product Development
Purpose: To develop new technology and products with the end goal of commercialisation

Market Access

Merger & Acquisition
Area: Merger & Acquisition (M&A)
Purpose: To help your company grow through planning for M&A, assessment of potential M&A, or post-M&A stage integration

Overseas Marketing Presence
Area: Marketing
Purpose: To help your company expand into new markets by setting up an overseas presence with new marketing activities

Pilot Project and Test Bidding
Area: Overseas Expansion
Purpose: To help your company expand into new geographical or product markets by building your track record

Standard Adoption
Area: Standards and Certifications
Purpose: To help your company adopt internationally-recognised standards and certifications in key industries and new and emerging sectors